Retirement Security Issues

2010-10-07T10:07:00-04:00https://images.c-span.org/Files/24f/295865-m.jpgWitnesses testified about the status of the Social Security program and other forms of retirement savings. They focused on reports that found that 27 percent of workers had less than $1,000 in savings or investments, and 54 percent of workers had household savings of less than $25,000. They also talked about the inadequacy of many 401k retirement plans, raising the retirement age for Social Security benefits, and raising Social Security income caps.

Witnesses testified about the status of the Social Security program and other forms of retirement savings. They focused on reports that…
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Witnesses testified about the status of the Social Security program and other forms of retirement savings. They focused on reports that found that 27 percent of workers had less than $1,000 in savings or investments, and 54 percent of workers had household savings of less than $25,000. They also talked about the inadequacy of many 401k retirement plans, raising the retirement age for Social Security benefits, and raising Social Security income caps. close